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World Markets Collapse, Shanghai Down 8%, Europe Slides at Open
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World markets continued the collapse that began late last week. The Shanghai Composite dropped over 8%. The Nikkei was off off 4.6%.
Source: Thinkstock
In Europe, the FTSE and DAX fell over 2% at the open.
The primary reasons for the sell-offs appear to be the effects of a slowing economy in China on the balance of the world, a Japanese economy that refuses to recover, and a tepid recovery in Europe.
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